secwatch.observer — SEC 8-K summary
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Issuer:     WillScot Holdings Corp (WSC)
CIK:        0001647088
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001647088-23-000024
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WillScot Mobile Mini Q1 revenue up 25% to $565M, Adj EBITDA up 47% to $247M, raises 2023 guidance
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- Revenue $565M (+25% YoY); income from continuing ops $76M (+96%); Adj EBITDA $247M (+47%) with margin 43.7% (+650 bps).
- Free cash flow $103M (+88% YoY); Free cash flow margin 18%. Leverage reduced to 3.0x Net Debt/Adj EBITDA.
- Raised 2023 Adj EBITDA guidance to $1,025-1,075M; lowered Net Capex guidance to $250-300M.
- Repurchased 4.6M shares for $216M in Q1, reducing economic share count 9.5% over last 12 months.
- Completed two tuck-in acquisitions for $80M; divested UK Storage for $418M in January 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1647088/000164708823000024/0001647088-23-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1647088/000164708823000024/wsc-20230426.htm
  HTML page:      https://secwatch.observer/filing/0001647088-23-000024

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer